Muslims in several parts of Nigeria marked a low-key Eid-el-Fitr celebration this year due to the escalating cost of living, which significantly affected their ability […]
Category: Economy
Economy
NSCDC Foils Oil Heist, Seizes 70,000 Litres of Stolen Crude in Rivers
The Nigeria Security and Civil Defence Corps (NSCDC) has intercepted a truck loaded with 70,000 litres of stolen crude oil in Port Harcourt, Rivers State, […]
Four Oil Companies Remit Additional $14.2 Million to Federation Account Amid Ongoing Investigations
Four oil companies operating in Nigeria have remitted an additional $14.2 million into the Federation Account as part of an ongoing investigation by the House […]
NDIC to Declare First Tranche of Liquidation Dividends for Uninsured Depositors of Heritage Bank in April 2025
The Nigeria Deposit Insurance Corporation (NDIC) has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be […]
NAFDAC Seizes 120 Bags of Fake Rice in Port Harcourt
The National Agency for Food, Drug Administration and Control (NAFDAC) has confiscated 120 bags of counterfeit rice from various shops in Port Harcourt, Rivers State. […]
Itasa Community Raises Alarm Over Illegal Mining Activities, Demands Government Action
Residents of Itasa community in Iwajowa Local Government Area of Oyo State have sounded the alarm over the rampant illegal and destructive mining activities by […]
Dangote Petroleum Refinery Temporarily Suspends Naira Sales of Fuel to Align with Crude Procurement Currency
Dangote Petroleum Refinery has announced a temporary suspension of the sale of petroleum products in Naira, citing the need to align its sales currency with […]
Bitcoin and Cryptocurrencies Slide Amid US Economic Concerns
Bitcoin and other major cryptocurrencies faced significant losses on Tuesday, with Bitcoin dipping by 3.2% to $79,937, after hitting a low of $76,624. Ethereum also […]
Nigeria’s Fuel Subsidy Debt Hits N7.74tn as Government Works on Repayment Plan
The Federal Government’s debt to the Nigerian National Petroleum Company Limited (NNPCL) for exchange rate differential (subsidy) on Premium Motor Spirit (PMS) has reached N7.74 […]
Dangote Refinery to Refund Customers for Overcharged Fuel Purchases Following Price Reduction
Dangote Petroleum Refinery has announced its plans to refund customers who purchased Premium Motor Spirit (PMS), commonly known as fuel, at the previous rate of […]